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Romford borrowed more in payday advances than Leeds in 2018

Romford borrowed more in payday advances than Leeds in 2018
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Town took down ВЈ15m, compared with ВЈ14.7m, despite greatly smaller populace, information programs

Romford market. With regards to of quantity lent by capita, Croydon, south London, ended up being the largest at ВЈ29.15. Photograph: David Levene/The Guardian

Romford market. In terms of quantity lent by capita, Croydon, south London, had been the largest at ВЈ29.15. Photograph: David Levene/The Guardian

Final modified on Fri 19 Apr 2019 18.20 BST

The folks of Romford in east London borrowed more income via payday advances in 2018 than the whole populace of Leeds, relating to formal information.

A research on the basis of the figures called Birmingham as “the cash advance money regarding the UK”, having its residents borrowing an overall total of £37m in 2018 as his or her individual funds arrived under some pressure.

Nevertheless the information revealed that when it comes to populace size, Romford and Croydon, south London, had been both contenders when it comes to name.

Romford’s residents took away 55,299 pay day loans in 2018, totalling just over £15m in value. In Leeds there have been simply over 63,000 loans well worth at total of £14.7m.

Leeds has a populace of 750,000, in accordance with last census in 2011, while a variety of numbers get for Romford, although the one most frequently utilized is 95,894.

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